As used prices fell 2.5 percent last month, auction volume was on the way up, perhaps playing a role in the continuing depreciation being seen in the auction lanes. According to the latest Guidelines report from NADA Used Car Guide, auction volumes of used cars up to 8 years old reached almost 317,000 units in […] [Read More]

Ricky Beggs, formerly the senior vice president at Black Book, was recently named to the  National Independent Automobile Dealers Association’s Ring of Honor. NIADA awards this honor each year to an executive demonstrating outstanding performance and leadership, while also helping the auto industry grow. Beggs retired in April after 34 years with Black Book. One […] [Read More]

Auto Remarketing has launched a new series this year called “Consignor Connection,” in which we catch up with a leading remarketing executive at a different consignor each month. In a Q&A format, we talk about best practices, auction industry trends and more. The latest in this series features Nate Lattimer, vice president of remarketing, sales and operations at Enterprise […] [Read More]

Not surprisingly, used-vehicle depreciation slowed a bit last month, after May’s market correction stemming from tax season highs. And with relatively stable depreciation predicted for the rest of 2015, NADA Used Car Guide explained that strong prices for trucks are making up for weaker rates in among the car segments. According to the latest Guidelines report […] [Read More]

Though during the first week of the month, the tides turned as trucks experienced larger auction price declines than cars, business was back to a “summer normal” last week. According to the latest Black Book Market Insights report, trucks remained ahead of the game in the lanes last week as most car values declined. “After an […] [Read More]

Auction volume was up more than 8 percent year-over-year in June, and year-to-date figures continued to hold strong, according to the latest Economic Dashboard from the National Auto Auction Association. Specifically, the tally for the month of June climbed 8.3 percent against comparable weeks of 2014. Auction volume for the first half of the year was up 7.3 […] [Read More]

Ever wonder why we keep changing our industry arbitration rules? Every few years, we need to tweak them; some to make the issues less granular and some to make them more granular. I bet we can guess how the winds are blowing and from which direction with this latest round of changes. The interesting part […] [Read More]

If you’re having trouble finding a low-mileage unit in the off-rental lanes, don’t be alarmed. Manheim discovered the average mileage for these units reached a new high earlier this year, surpassing 50,000 miles for the first time. That amount is more than double the low points Manheim spotted. The industry saw average of about 25,000 […] [Read More]

In updating a move the company first discussed this past Tuesday, Copart announced the final results of its modified “Dutch Auction” tender offer three days later. Based on the final count by the depositary for the tender offer, Copart accepted for payment an aggregate of 6,254,061 shares of its common stock at a purchase price […] [Read More]

Though prices in the lanes still remained higher than the first days of summer last year, used-vehicle rates still experienced a significant downturn in June. According to the June edition of Kontos Kommentary, wholesale prices were down 2.5 percent from May, but up 2.4 percent year-over-year.  ADESA chief economist Tom Kontos reported the average price for […] [Read More]